SHANGRAO, China, April 25, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024. The Company's annual report on Form 20-F contains its audited consolidated financial statements and is available on the C ...

Financial Position - As of December 31, 2023, the company held RMB16.06 billion (US$2.26 billion) in cash and cash equivalents, with RMB4.45 billion (US$626.5 million) denominated in U.S. dollars[790]. - The company has short-term borrowings of RMB13.58 billion (US$1.91 billion) and long-term borrowings of RMB11.24 billion (US$1.58 billion) as of December 31, 2023[792]. - The average interest rate for long-term borrowings was 5.8% as of December 31, 2023[792]. - The company has a convertible senior note of US$85 million due in 2024, with US$71.0 million already converted[797]. Foreign Exchange and Gains - The company recorded a net foreign exchange gain of RMB0.94 billion (US$132.1 million) in 2023 due to the appreciation of the U.S. dollar against the Renminbi[789]. - The company has entered into foreign exchange forward contracts with notional values of US$870.0 million and €170.0 million, maturing within 12 months[788]. Credit Losses and Warranty Obligations - The provision for credit losses is estimated based on past collection experience and current economic conditions, with an expected credit loss increase of RMB2.5 million if forward-looking factors increase by 5%[632]. - The company estimates a 1% expected failure rate for solar module warranties over the warranty period[635]. - An increase of 5% in key assumptions for warranty obligations would raise the accrued warranty liability by RMB38.4 million[636]. Depositary Fees and Expenses - The depositary collects a fee of $5.00 (or less) per 100 ADSs for issuance and cancellation of ADSs[801]. - A fee of $0.05 (or less) per ADS is charged for any cash distribution to ADS registered holders[801]. - The annual reimbursement from the depositary for legal and investor relations expenses in 2023 is US$301.6 thousand[802]. - A fee of $1.50 per ADR is applicable for the transfer of ADRs[801]. - The depositary may charge $0.05 per ADS per calendar year for depositary services[801]. - Taxes and governmental charges related to ADSs or underlying shares are applicable as necessary[801]. - The depositary may refuse to provide services until its fees are paid[800]. - Expenses incurred by the depositary for servicing deposited securities may be charged as necessary[801]. - The depositary collects fees for making distributions by deducting from amounts distributed or selling a portion of distributable property[800]. - The depositary's annual fee for depositary services may be collected through deductions from cash distributions[800]. Economic Conditions - Inflation in China was reported at 0.2% in 2023, which has not materially impacted the company's operations[786].

SHANGRAO, China, April 23, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that at the KEY Exhibition 2024 in Rimini, where it unveiled its first NeoGreen modules produced in factories using renewable energy throughout the entire production chain, and its subsidiary signed a purchase agreement with Nyox Srl, a leading renewable energy solutions provider based in Ital ...

SHANGRAO, China, April 22, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2024 before the open of U.S. markets on Monday, April 29, 2024.JinkoSolar's management will host an earnings conference call on Monday, April 29, 2024 at 8:30 a.m. U.S. Eastern Time (8:30 p.m. Beijin ...

SHANGRAO, China, April 18, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that as of the date of this press release, the Company has repurchased a total of 3,246,425 ADSs in an aggregate amount of approximately US$82.5 million in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in December ...

SHANGRAO, China, April 2, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was awarded the Top Brand PV USA seal by EUPD Research. EUPD Research develops innovative solutions for the certification of companies, projects and products. Each year EUPD evaluates a company's performance based off a comprehensive survey carried out among market intermediaries (e.g. ...

SHANGRAO, China, March 29, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares of the Company (the "ADSs") in an aggregate amount of approximately US$18.4 million in the open market under its extended share repurchase program announced in December 2023. As of the date of this press ...

JinkoSolar Holding Co. Ltd. (JKS) reported adjusted fourth-quarter 2023 earnings per American Depositary Share (ADS) of $1.21, which missed the Zacks Consensus Estimate of $2.32 by 47.8%.The company reported GAAP earnings of 8 cents per ADS in the fourth quarter.For 2023, the company recorded adjusted earnings per ADS of $10.15, which missed the Zacks Consensus estimate of $11.36.Total RevenuesIn the quarter under review, JinkoSolar’s total revenues of $4.62 billion surpassed the Zacks Consensus Estimate of ...

Exhibit 99.1 JinkoSolar Announces Fourth Quarter and Full Year 2023 Financial Results 03/20/2024 SHANGRAO, China, March 20, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the fourth quarter and fully year ended December 31, 2023. Fourth Quarter and Full Year 2023 Business Highlights · Leveraging our outstanding N-type technology, ...

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q4 2023 Earnings Call Transcript March 20, 2024 8:00 AM ET Company Participants Stella Wang - IR Li Xiande - Chairman and CEO Gener Miao - CMO Pan Li - CFO Charlie Cao - CFO Conference Call Participants Philip Shen - ROTH MKM Alan Lau - Jefferies William Grippin - UBS Operator Hello ladies and gentlemen and thank you for standing by for JinkoSolar Holdings Co. Limited Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in listen-only mode. ...